The Benefits of Being a Veteran in Rhode Island and Massachusetts
In appreciation for their service, leadership, and sacrifice, a host of VA benefits await eligible veterans, active-duty military members, and family members living in our area.
One of the most significant benefits is VA loan eligibility. VA loans offer $0 down payment options, better terms and interest rates, and fewer closing costs than conventional mortgages. And, since they’re government-backed, it might be easier for eligible applicants to get approved for a VA loan.
Here are a few other Rhode Island and Massachusetts veteran benefits that we don’t want you to miss:
Full- or partial-tuition waivers are available to all eligible Massachusetts veterans (on a space-available basis) at any state college or university
All active-duty personnel stationed in Massachusetts can buy fishing and hunting licenses at resident rates. Also, disabled veterans (traveling in vehicles bearing disabled veteran license plates) receive day-use parking waivers at all Massachusetts state parks.
All military retired pay is tax-free, while eligible disabled veterans can receive property tax exemptions of $400-$1,500
Resident veterans with 10%-100% service-connected disabilities pay no tuition at Rhode Island colleges or universities
All active-duty personnel (resident and non-resident alike) stationed in Rhode Island receive fishing and hunting licenses at resident rates, while disabled veterans can get them for free. Veterans with a 100% VA disability receive free admission to all Rhode Island state parks.
Real estate and motor vehicle tax waivers are available for all veterans with other-than-dishonorable discharges.
We’re Here to Help
At BayCoast Mortgage, we thank you for your service and your sacrifice. That’s why no matter where you are on the home-buying journey, we’re here to help you find financing that’s just right for you. Contact us